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Differences between a flexible budget and a forecast budget

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Reference no: EM132976553

-Budgets begin with expected revenues. Discuss ways that primary care physician offices or medical groups (choose one) can increase their revenues.

-Managing expenses is crucial for any healthcare organization. Identify and discuss ways that an insurance company may reduce payments for healthcare benefits and cut costs.

-Discuss the nature of and differences between a flexible budget and a forecast budget. Under what conditions might a flexible budget likely be more effective than a forecast budget?

-Can an organization be efficient but not effective? Discuss the circumstances in which this could be true.

-Few firms ever track the actual results achieved from a specific capital investment against projected/budgeted results. What are the likely effects of such a management policy?

Reference no: EM132976553

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